What cheque size does Eternal Capital (now Sadev Ventures) write?

As compiled from public sources: INR 2-6 Cr cheques (seed to pre-Series A)

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Angel fund (Cat I) · Curated list

Eternal Capital (now Sadev Ventures)

Seed · Sector agnostic · New Delhi

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Contact on file — shared on accepted request

At a glance

Stage focus: Seed
Primary sector: Sector agnostic
City: New Delhi
HQ / office: Delhi / NCR, India (per Tracxn & Crunchbase). No street address published on the firm's official site. SEBI Cat-I AIF (Angel Fund / Venture Capital Fund) reg. no. IN/AIF1/23-24/1404 — Sadev Capital Trust, registered 11 Dec 2023 (confirmed on official site).
Fund registered: 2022
Investments on record: 20
Corpus (as reported): INR 120 crore maiden fund (with an additional INR 120 crore greenshoe option, i.e. up to INR 240 crore), launched mid-2024; ~half deployed across ~20 startups as of 2024-25.
Website: sadev.ventures (official, live). Formerly eternalcapital.vc — legacy domain is now DEAD/decommissioned (connection refused), NOT a clean 301-redirect as previously recorded.
LinkedIn: Profile ↗

About

Eternal Capital is an early-stage, sector-agnostic Indian venture fund founded in 2023 (SEBI Cat-I AIF registered 11 Dec 2023) and launched as a maiden INR 120 crore fund in mid-2024 by Dhruv Dhanraj Bahl, former COO of BharatPe. It backs post-product-market-fit, operator-led startups from seed to pre-Series A with INR 2-6 Cr cheques. In 2025 the firm rebranded to "Sadev Ventures" (aligning with the founder's family-office name). Team (confirmed on official site): Dhruv Dhanraj Bahl (Founder & Managing Partner), Divyakshi Satija (Principal, Investments), Suryansh Mehrotra (Associate, Investments), Zeal Lilani (Portfolio Management & Operations) and Diksha Bharti (Investor Relations & Operations).

Investment focus

Stage: Seed to Pre-Series A (early-stage), often post-PMF. Sector: sector-agnostic / India-first. Cheque size INR 2-6 Cr (sweet spot ~INR 3-3.5 Cr).

Cheque size

INR 2-6 Cr cheques (seed to pre-Series A)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Seed / early-stage micro-VC (SEBI Category I AIF) / Cat II/Cat III”

IN/AIF2/22-23/1164
IN/AIF3/24-25/1534

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: Eternal Emerging Enterprises Fund I

Yes — on official SIDBI FFS supported-AIF list (Eternal Emerging Enterprises Fund I)

Notable portfolio

Liquide; Cookd; Gladful; Asaya; Hypergro; Bidso; Cleevo; Prosperr.io (unconfirmed in sources reviewed)

Team & organisation

~15-person team; Founder & Managing Partner Dhruv Dhanraj Bahl (ex-BharatPe COO)

Sadev Capital Trust — SEBI Category I AIF (Reg. No. IN/AIF1/23-24/1404, registered 11 Dec 2023); single-fund trust, sector-agnostic early-stage; Delhi/NCR. Legacy domain eternalcapital.vc is dead (rebranded to sadev.ventures)

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Frequently asked

What does Eternal Capital (now Sadev Ventures) invest in?: Stage: Seed to Pre-Series A (early-stage), often post-PMF. Sector: sector-agnostic / India-first. Cheque size INR 2-6 Cr (sweet spot ~INR 3-3.5 Cr).
What cheque size does Eternal Capital (now Sadev Ventures) write?: As compiled from public sources: INR 2-6 Cr cheques (seed to pre-Series A)
How do I pitch Eternal Capital (now Sadev Ventures) through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ REBRAND: "Eternal Capital" rebranded to "Sadev Ventures" in 2025; the official live site is sadev.ventures. CORRECTION: the legacy domain eternalcapital.vc does NOT 301-redirect to sadev.ventures — it now refuses connections (dead/decommissioned); third-party indexers (Tracxn/CBInsights/LinkedIn) still cache the old name. PRIVATE fund (not govt/DFI), SEBI Category I AIF (Angel Fund / VCF). No email published on official site (web form only) — third-party scraper emails NOT used. Maiden fund with no exit track record yet. Prosperr.io listed in record could not be independently corroborated as a portfolio company in sources reviewed — treat as unconfirmed.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.sadev.ventures/; https://entrackr.com/snippets/dhruv-dhanraj-bahls-vc-fund-eternal-capital-rebrands-to-sadev-ventures-9754752